About Nepa Ltd
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Nepa Ltd is a public limited union government company based in Burhanpur, Madhya Pradesh, India. It operates in the paper and packaging products segment of the manufacturing sector. It was incorporated on 25 January 1947 and has been in existence for over 79 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U21012MP1947GOI000636. Its GSTIN is 23AAACN9961C1ZL (Madhya Pradesh). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹800 Cr and a paid-up capital of ₹713.21 Cr. It was formerly known as The National Newsprint & Paper Mills Limited. It is led by directors including Rakesh Kumar Chokhani (Managing Director) and Arvind Vadhera (Managing Director).
Its last annual general meeting (AGM) was held on 30 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nepanagar, Burhanpur, Madhya Pradesh, India – 450221.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.58 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹111.39 Cr (net margin -200.4%) and EBITDA of -₹36.02 Cr (EBITDA margin -64.8%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 13% over five years.
The company has about 351 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nepa Limited. As per MCA filings, the company has open charges of ₹39.46 Cr and satisfied charges of ₹53.48 Cr on record. Court records list 657 cases involving the company, including 350 filed by the company and 309 filed against it; 33 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nepamills.co.in.
Company details
CIN history
Nepa has one previous CIN (Corporate Identification Number): L21012MP1947GOI000636. The current CIN is U21012MP1947GOI000636, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U21012MP1947GOI000636 | Current |
| L21012MP1947GOI000636 | Previous |
Contact details
Nepa Ltd's registered office is in Burhanpur, Madhya Pradesh. Its website is nepamills.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNepanagar, Burhanpur, Madhya Pradesh, India – 450221
- IndustryManufacturing, Paper & Packaging Products
To see the full contact details of Nepa Ltd, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Nepa operates one associated brand: NEPA LIMITED. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Paper production and recycling operations by NEPA LIMITED in an environment-friendly manner. | nepamills.co.in |
Business activity
The main business activities of Nepa are manufacturing and trade. In detail, this covers wood and wood products, furniture, paper and paper products and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Nepa Ltd, buy the company report.
Financials of Nepa Ltd
FY 2025 filings availableNepa Ltd reported revenue of ₹55.58 Cr (down 58% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 58% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA rose 35% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹36.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹111.39 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -64.8% | ||||
| Net Profit Margin | -200.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nepa Ltd, buy the company report.
Board of directors of Nepa Ltd
Nepa has 6 current directors and 42 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Kumar Mishra Also directs: The Madhya Pradesh State Mining Corporation Limited | Nominee Director | 03 Mar 2023 | 3 Years 8 Months | Current |
| Renuka Mishra | Nominee Director | 22 Jul 2024 | 2 Years 3 Months | Current |
| Rakesh Kumar Chokhani | Managing Director | 16 May 2024 | 2 Years 5 Months | Current |
| Pradeep Kumar Naik | Director | 02 May 2019 | 7 Years 6 Months | Current |
| Milind Sharadchandra Kanade | Director | 05 Jun 2023 | 3 Years 5 Months | Current |
| Arvind Vadhera | Managing Director | 16 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Nepa Ltd is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S. A. Paper Private Limited | ₹56.49 Cr (FY 2025) | 23.0% | Kolkata, West Bengal, India | |||
| Vindhya Boards Pvt Ltd | ₹56.43 Cr (FY 2025) | 18.0% | Satna, Madhya Pradesh, India | |||
| Daya Decorative Laminates Private Limited | ₹55.99 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Ashton Paper Mill Private Limited | ₹55.92 Cr (FY 2025) | 49.0% | Dindori, Maharashtra, India | |||
| Nepa Ltdthis company | ₹55.58 Cr (FY 2025) | -₹111.39 Cr | -200.4% | -58.0% | 351 | Burhanpur, Madhya Pradesh, India |
| Tagid Solutions Private Limited | ₹55.36 Cr (FY 2024) | 32.0% | Bhiwandi, Maharashtra, India | |||
| Universal Craft Paper Private Limited | ₹54.89 Cr (FY 2025) | 32.0% | Oran, Gujarat, India |
To see the full peer comparison of Nepa Ltd, buy the company report.
Auditor
Nepa Ltd is audited by Fadnis & Gupte LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Fadnis & Gupte LLP | FY 2023 | 006600C |
Shareholding
The shareholding of Nepa Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nepa Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jun 2020 | 100347687 | State Bank of India | ₹22.2 Lakh | Open | |
| 11 Jun 2020 | 100347693 | State Bank of India | ₹1.16 Cr | Open | |
| 11 Jun 2020 | 100347698 | State Bank of India | ₹1.02 Cr | Open | |
| 17 Mar 1997 | 90207971 | S. B. I. | ₹35.8 Cr | Open | |
| 18 Sep 1978 | 90204446 | M. P. Electricity Board | ₹1.25 Cr | Open |
To see the full charge records of Nepa Ltd, buy the company report.
Total charge records: 15 View all charges
Legal cases
Nepa Ltd has 657 court cases on record: 350 filed by Nepa, 309 filed against it. 33 cases are pending and 624 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 305 | 127 | 18 |
| District courts | 294 | 172 | 15 |
| Supreme Court | 58 | 10 | 0 |
Cases on record (5 of 657)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Court case (AC) | Filed against the company by M/S Arvind Envisol Limited | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Sanrachana Structural Strengthening Pvt Ltd Through Sarika M Joshi | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M/S BLR Logistiks I Ltd. | Disposed |
| High Court of Madhya Pradesh | Court case (MCC) | Filed against the company by Grasim Industries Ltd. | Disposed |
| District court, Burhanpur, Madhya Pradesh | Court case (MCA) | Filed against the company | Pending |
To see the full case history of Nepa Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nepa Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nepa Ltd has a workforce of 351 employees on its EPFO records as of Oct 17, 2024, across 1 active EPFO establishment.
GST
Nepa has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACN9961C1ZL | Madhya Pradesh | Active | 01 Jul 2017 |
| 23AAACN9961C1DU | Madhya Pradesh | Active | 25 Oct 2018 |
To see the full GST registrations and return filing status of Nepa Ltd, buy the company report.
Recent activity
Nepa Ltd has 44 board changes on record since 2008: 6 appointments and 38 cessations. The latest: Arvind Vadhera was appointed as Managing Director on 16 Apr 2025.
60 earlier events are in the company report.
Frequently asked questions
Nepa is an active public limited union government company based in Burhanpur, Madhya Pradesh, India. The company works in paper and packaging products, within the manufacturing industry. It was incorporated on 25 January 1947 (79+ years old) and is registered under CIN U21012MP1947GOI000636.
Nepa has 6 current directors:
- Rakesh Kumar Chokhani - Managing Director
- Arvind Vadhera - Managing Director
- Atul Kumar Mishra - Nominee Director
- Renuka Mishra - Nominee Director
- Pradeep Kumar Naik - Director
- Milind Sharadchandra Kanade - Director
The latest financial statements of Nepa on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nepa is 23AAACN9961C1ZL, registered in Madhya Pradesh. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 23AAACN9961C1DU (Madhya Pradesh).
The CIN (Corporate Identification Number) of Nepa is U21012MP1947GOI000636. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nepa has 657 court cases on record: 350 filed by the company and 309 filed against it. 33 are pending. Most are in the high courts.
Nepa was incorporated on 25 January 1947, making it 79+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Nepa by revenue are S. A. Paper Private Limited, Vindhya Boards Pvt Ltd, Daya Decorative Laminates Private Limited, Ashton Paper Mill Private Limited, Tagid Solutions Private Limited and 1 more, all in the Manufacturing industry (Paper), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Arvind Vadhera was appointed as Managing Director on 16 Apr 2025. Rakesh Kumar Chokhani ceased to be Managing Director on 16 Apr 2025. Mukta Shekhar ceased to be Nominee Director on 22 Jul 2024. Nepa has 44 board changes on record in total.
Nepa can be reached through the website nepamills.co.in. Its registered office is in Burhanpur, Madhya Pradesh, India.
The registered office of Nepa is at Nepanagar, Burhanpur, Madhya Pradesh, India – 450221.
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